CoStar Group (CSGP) Position Boosted by Gotham Asset Management LLC

Gotham Asset Management LLC increased its position in shares of CoStar Group (NASDAQ:CSGP) by 206.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,597 shares of the technology company’s stock after purchasing an additional 11,859 shares during the period. Gotham Asset Management LLC’s holdings in CoStar Group were worth $5,225,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in shares of CoStar Group by 5.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,188 shares of the technology company’s stock worth $313,000 after purchasing an additional 66 shares during the period. Rosenblum Silverman Sutton S F Inc. CA boosted its stake in shares of CoStar Group by 1.6% during the 4th quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 11,230 shares of the technology company’s stock worth $3,335,000 after purchasing an additional 180 shares during the period. CLS Investments LLC boosted its stake in shares of CoStar Group by 4.4% during the 4th quarter. CLS Investments LLC now owns 4,506 shares of the technology company’s stock worth $1,338,000 after purchasing an additional 188 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CoStar Group by 4.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,484 shares of the technology company’s stock worth $1,471,000 after purchasing an additional 213 shares during the period. Finally, Advisor Group Inc. boosted its stake in shares of CoStar Group by 12.5% during the 4th quarter. Advisor Group Inc. now owns 1,917 shares of the technology company’s stock worth $568,000 after purchasing an additional 213 shares during the period. 98.56% of the stock is owned by hedge funds and other institutional investors.

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In other CoStar Group news, VP Francis Carchedi sold 12,100 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $356.09, for a total value of $4,308,689.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Matthew Linnington sold 7,921 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $348.23, for a total transaction of $2,758,329.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,271 shares of company stock valued at $8,593,961. 3.09% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on CSGP shares. Citigroup reaffirmed a “buy” rating and set a $425.00 price target (up from $320.00) on shares of CoStar Group in a research note on Tuesday, January 23rd. Wells Fargo set a $400.00 price target on shares of CoStar Group and gave the stock a “buy” rating in a research note on Thursday, January 18th. B. Riley lifted their price target on shares of CoStar Group to $400.00 in a research note on Tuesday, February 20th. BidaskClub raised shares of CoStar Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Finally, JPMorgan Chase & Co. cut shares of CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 price target for the company. in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $380.10.

Shares of CoStar Group (NASDAQ CSGP) opened at $361.42 on Monday. The stock has a market cap of $13,045.35, a PE ratio of 91.96, a price-to-earnings-growth ratio of 3.45 and a beta of 1.61. CoStar Group has a 52-week low of $197.55 and a 52-week high of $378.57.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Wednesday, February 21st. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.01. The company had revenue of $253.99 million during the quarter, compared to analysts’ expectations of $253.74 million. CoStar Group had a net margin of 12.71% and a return on equity of 6.75%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 EPS. analysts anticipate that CoStar Group will post 6.25 EPS for the current year.

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About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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